Courtesy of ZeroHedge. View original post here.
Submitted by Tyler Durden.
- France Likely to Lose Top Rating: S&P (Bloomberg)
- BNP urges EFSF to issue credit default swaps (FT)
- China municipalities to issue bonds (FT)
- Europe forced into second summit (FT)
- EU Said to Consider Wielding $1.3 Trillion to Break Impasse (Bloomberg)
- Hilsenrath: Fed Is Poised for More Easing (Hilsenrath)
- Fed debate about more easing heats up (Reuters)
- Obama Nominates Former Fed President Hoenig for FDIC Vice Chair (Bloomberg)
- ECB Said to Weigh Bigger Loans for More Collateral Disclosure (Bloomberg)
- Banks face penalties in return for bail-outs (FT)
- Fed’s Bernanke Briefed Senate Democrats on Europe, Durbin Says (Bloomberg)
- Greek MPs vote through fresh cuts as man dies in day of street battles (UK Guardian)
- Japan to Sell $10.4 Billion More Debt for Quake Rebuilding (Bloomberg)
- Japan May Add $52 Billion in Aid for Companies Hurt by Yen (Bloomberg)
European economic highlights:
- Hungary Retail Sales for August 0.4% y/y. Consensus -0.9% y/y. Previous -1.3% y/y.
- Switzerland Money Supply – M3 for September 8.2% y/y. Previous 7.6% y/y. Revised 8.0% y/y.
- Germany IFO Business Survey for October 106.4 – higher than expected. Consensus 106.2. Previous 107.4. Revised 107.5.
- UK PSNB (nsa) for September 12bn m/m. Previous 13.2bn m/m.
- UK PSNCR (nsa) for September 13bn m/m. Previous 11.8bn m/m.
- Euroland Govt Debt/GDP ratio for 2010 85.4% y/y. Previous 85.1% y/y.
- UK Nationwide Consumer Confidence for September 45. Consensus 49. Previous 48.